Micron surpasses Meta and Tesla in market cap driven by AI infrastructure boom

Micron Technology, one of the world's leading producers of DRAM and NAND memory chips, has reached a new milestone by surpassing Meta Platforms and Tesla in total market capitalization. The rally is driven by relentless demand for high-bandwidth memory and next-generation DRAM from hyperscalers and cloud providers racing to build out AI infrastructure. Analysts note that while Nvidia has captured most of the headlines, Micron is equally indispensable — AI accelerators are only as powerful as the memory feeding them. The company is also benefiting from tighter memory supply and rising average selling prices across its product lines. Micron has quickly become one of the most closely watched semiconductor bets for the remainder of 2026.